Is HP partners with Ferrari?
Driven by Innovation. Born from a shared passion for excellence, the Scuderia Ferrari HP partnership brings together more than 150 years of innovation. Being one of the very first Formula One teams, Scuderia Ferrari are known pioneers. Maranello (Italy), Palo Alto (USA), April 24, 2024 – Today, Ferrari and HP Inc.F1 | Scuderia Ferrari is set to announce Hewlett- Packard (HP) as its new title sponsor, securing a huge financial boost for the team ahead of the 2025 season.
Does HP own the Ferrari F1 team?
Scuderia Ferrari (/fəˈrɑːri/; Italian: [skudeˈriːa ferˈraːri]), currently racing under Scuderia Ferrari HP, is the racing division of luxury Italian auto manufacturer Ferrari and the racing team that competes in Formula One racing. Ferrari became a public company in 1960, and from 1963 to 2014 it was a subsidiary of Fiat S. A. It was spun off from Fiat’s successor entity, Fiat Chrysler Automobiles, in 2016. The company currently offers a large model range which includes several supercars, grand tourers, and one SUV.
How much did HP give to Ferrari?
Ferrari F1 sponsorship deal matches Red Bull in $100 million windfall – report. The sponsorship deal between Ferrari and tech giants HP has seen its value match that of Formula 1 rivals Red Bull’s with Oracle, according to a report. Ferrari’s HP sponsorship deal matches Red Bull’s Oracle partnership: — Ferrari’s sponsorship deal with tech giant HP is reportedly worth $100 million annually, equaling Red Bull’s deal with Oracle as the largest sponsorship in F1.Ferrari have reportedly drawn level with Red Bull in the big money business of F1 team sponsors. A year ago, Oracle’s partnership with Red Bull was the biggest team sponsor in the paddock. But now the arrival of HP to sponsor Ferrari has rivalled that huge deal.
Who owns the $70 million Ferrari?
The current record for world’s most expensive Ferrari was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold to David MacNeil in a private sale for $70 million. The value of a 1964 Ferrari 250 GTO SII can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $39,100,000 for a 1964 Ferrari 250 GTO SII in good condition with average spec.Classic Motors For Sale In 2018, Chassis 4153 GT, a 1963 Ferrari 250 GTO, was sold in a private transaction for a staggering $70 million, setting the record for the most expensive classic car ever sold. The buyer? David MacNeil, the founder and CEO of WeatherTech, the premium automotive accessories company.
Does Fiat still own 50% of Ferrari?
Who Owns Ferrari Today? After restructuring to establish Ferrari N. V. Ferrari Group, FIAT Chrysler Automobiles (FCA) sold 10% of their shares and distributed their remaining 80% of shares among FCA shareholders. Ferrari was and continues to be owned by Piero Ferrari (son of Enzo). Fiat acquired a 50% stake in Ferrari, which brought more money for investments into new models. Fiat increased its ownership to 90% of Ferrari, and Enzo retained a 10% stake. Enzo Ferrari passed away at the age of 90.